EURUSD

The EURUSD pair continues its bearish trend by trading below the 1.1740 pivot level. Although yesterday's US CB Consumer Confidence data fell short of expectations, causing a slight weakening of the dollar, it was not sufficient for the pair to move upward. The most critical data today is the Eurozone Annual CPI figure, which will be decisive for the short-term direction of the pair. A higher-than-expected inflation figure could reinforce the perception that the ECB will maintain its hawkish stance, potentially pushing the pair back to the 1.17589 resistance level. Conversely, data falling below expectations or strong ISM PMI figures from the US could support the dollar, increasing selling pressure on the pair and making the 1.17077 support level the initial target.